Empowered Funds LLC Has $8.40 Million Stake in D.R. Horton, Inc. (NYSE:DHI)

Empowered Funds LLC decreased its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 49.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,014 shares of the construction company's stock after selling 43,865 shares during the period. Empowered Funds LLC's holdings in D.R. Horton were worth $8,397,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Blair William & Co. IL raised its position in D.R. Horton by 0.6% during the first quarter. Blair William & Co. IL now owns 37,310 shares of the construction company's stock worth $6,139,000 after acquiring an additional 230 shares in the last quarter. Orion Portfolio Solutions LLC lifted its stake in D.R. Horton by 9.2% in the 1st quarter. Orion Portfolio Solutions LLC now owns 26,461 shares of the construction company's stock valued at $4,354,000 after purchasing an additional 2,237 shares during the last quarter. Intech Investment Management LLC bought a new position in D.R. Horton during the first quarter worth about $1,205,000. Vanguard Group Inc. increased its position in D.R. Horton by 7.6% during the first quarter. Vanguard Group Inc. now owns 34,856,397 shares of the construction company's stock worth $5,735,620,000 after buying an additional 2,474,262 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in D.R. Horton by 7.9% in the first quarter. Acadian Asset Management LLC now owns 251,271 shares of the construction company's stock valued at $41,334,000 after buying an additional 18,337 shares during the period. Institutional investors and hedge funds own 90.63% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DHI. Wells Fargo & Company reduced their target price on D.R. Horton from $220.00 to $190.00 and set an "overweight" rating for the company in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods upped their price objective on shares of D.R. Horton from $178.00 to $208.00 and gave the company an "outperform" rating in a report on Tuesday, July 23rd. JMP Securities raised their target price on shares of D.R. Horton from $170.00 to $210.00 and gave the stock a "market outperform" rating in a research note on Friday, July 19th. Barclays decreased their price target on shares of D.R. Horton from $200.00 to $192.00 and set an "overweight" rating on the stock in a research note on Thursday, October 31st. Finally, Wedbush upgraded shares of D.R. Horton from an "underperform" rating to a "neutral" rating and set a $165.00 price objective for the company in a research report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $185.87.

D.R. Horton Price Performance

DHI stock traded down $2.13 during midday trading on Friday, reaching $161.61. The company had a trading volume of 2,507,253 shares, compared to its average volume of 2,517,690. The company has a market capitalization of $52.66 billion, a price-to-earnings ratio of 11.25, a price-to-earnings-growth ratio of 0.56 and a beta of 1.74. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. D.R. Horton, Inc. has a 1-year low of $125.28 and a 1-year high of $199.85. The stock has a 50 day moving average price of $182.40 and a 200-day moving average price of $166.77.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.25). The firm had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. D.R. Horton's quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.45 earnings per share. Equities research analysts expect that D.R. Horton, Inc. will post 14.92 earnings per share for the current year.

D.R. Horton Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, November 12th. This is a positive change from D.R. Horton's previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a yield of 0.99%. D.R. Horton's dividend payout ratio (DPR) is 11.14%.

D.R. Horton Profile

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.